Accordingly, the highest penalty is a fine of up to VND1 billion ($43,500) or a prison term of up to three years, with the violator being barred from certain jobs for a maximum of five years. A legal entity may be fined up to VND5 billion ($217,000), suspended for a term from six months to two years, or may be banned from doing business and banned from operating in certain fields, as well as banned from raising capital for 1-3 years. … [Read more...] about Ramifications of prosecution for counterfeit actions
Which glass for which beer
Market finishes lower as investors abandon bank stocks
FLC Faros Construction Joint Stock Company (ROS) still posted good performance with an increase of 6.78 per cent to VNĐ4,570. Other stocks had a positive effect on the VN-Index such as Masan Group Corporation (MSN), Mobile World Investment Corporation (MWG), Hòa Phát Group Joint Stock Company (HPG), Vincom Retail Joint Stock Company (VRE) and Kinh Bac City Development Share Holding Corporation (KBC). … [Read more...] about Market finishes lower as investors abandon bank stocks
VIETNAM BUSINESS NEWS JANUARY 26
VinFast estimated it sold a total of 29,485 vehicles in 2020, including 18,016 Fadil cars, 6,013 Lux A2.0 cars and 5,456 Lux SA2.0 models. From 2022, VinFast plans to introduce two more gasoline-powered cars and three electric models, expected to account for 30 per cent of the car market share in Viet Nam. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26
Hayward Quartz Technology develops $110 million semiconductor factory in Danang
The United States Enterprisesfactory will specialise in producing crystal silicon blocks, assemblies made of silicon, ceramic, quartz, sapphire stone, glass, metal, alloy, nonmetals, plastic polymers, and other semiconductor materials for machinery and equipment manufactured in the semiconductor and electronics industries. … [Read more...] about Hayward Quartz Technology develops $110 million semiconductor factory in Danang
Net tightens on fake goods scammers
More market surveillance checks were carried out in 2020 compared to previous years Police in the southern province of Ba Ria-Vung Tau last week announced that it had completed an investigation into copyright infringement involving Saigon Vietnam Beer Group JSC. Le Dinh Trung, a former employee of Saigon Beer-Alcohol-Beverage Corporation (SABECO), can now be prosecuted for industrial property rights violations after producing goods and selling them to market without obtaining the certificate of registration for trademark protection by the competent authority. … [Read more...] about Net tightens on fake goods scammers
